Stalemate for Dollar/Yen bulls and bears .
A good end to the trading week, USD/JPY is up to 146.81, after closing yesterday at zero. Overall, a 0% move or 14,681 pips this week. (Start trading Dollar/Yen at FXTM today).
On the flip side, data for United States Pending Home Sales released yesterday at 15:00 UTC is better than expected with -1.5%, but worse than previous figure of 1%. Highly important Initial Jobless Claims data from United States beat analyst expectations of 220,000 with a reading of 218,000.
At the same time, United States ISM Manufacturing Prices (Nov) released today at 15:00 UTC with a figure of 49.9, while the previous figure was 45.1. United States ISM Manufacturing PMI (Nov) came out at 46.7, while a consensus of analysts was expecting 47.6. Japan Capital Spending (YoY) (Q3) came out at 3.4.
Also worthy of note, projections for Japan GDP are set for a continuation of decline with -0.5 while previous data was 1.2; data will be released Thursday.
Elsewhere, Japan Household Spending (MoM) (Oct) will be released Thursday. Japan GDP Price Index (YoY) (Q3) is expected Thursday.